Hotel for sale

Oak Lea Hotel, 83-87 Albert Road, Blackpool, FY1 4PW

£799,950

Property Description

Commercial information

  • Business for sale

Key features

  • 44 en suite letting bedrooms
  • Prominent town centre location
  • Turnover YE 2016: 337,739 / Profit: 150,413
  • Dining room: 100 & Lounge bar: 45 covers
  • Function room: 100 plus covers
  • Lift to all floors. Energy Rating D

Full description

Tenure: Freehold

Description

The Oak Lea Hotel is a substantial five storey, mid terrace property.

The hotel offers 44 en suite letting rooms and also comprises; lounge bar, restaurant and function room, with a lift providing access to all floors.

Over the year the hotel has consistently shown excellent profits in the region of £150,000, being well positioned to capture trade from all local attractions.

Location

The Oak Lea Hotel is prominently situated within the town centre of Blackpool, on the popular Albert Road, being excellently positioned for all the tourist attractions within the locality including; the Pleasure Beach, Blackpool Tower, Blackpool Zoo and excellent shopping facilities offered in the area. The famous Winter Gardens is just a few minutes walk from the hotel.

The property is most easily reached via junction 32 of the M6 motorway, and joining the M55 then following signs for Blackpool town centre.

Ground Floor

Entrance to large reception area with guest bar for 45 covers. To the rear of the property is the restaurant which can cater up to 100 diners.

To the lower ground floor is an additional function room for 100 plus covers with it's own separate bar and toilet facilities.

Fixtures & Fittings

All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

Letting Accommodation

Situated over the first, second and third floors are 44 en suite letting bedrooms.

External Details

To the rear of the property is a secure owner's parking area for up to four vehicles.

Owner's Accommodation

Situated on the lower ground floor there are an additional three en suite bedrooms which are currently used for staff accommodation.

The Opportunity

The Oak Lea Hotel is situated on one of Blackpool's most well known roads and would be an ideal opportunity for first time buyers or multiple operators. The clientele is largely made up of visitors and tourists to the area, along with a large number of guests attending a variety of local and regional events and functions, especially those who visit the Winter Gardens.

Trading Information

Trading information provided by our clients for the year end June 2016 show a net turnover of £337,739 producing a net profit of £150,413.

Business Rates

Confirmation of business rates payable should be obtained from the local authority.


More information from this agent

Nearest stations

  • Blackpool North (0.4 mi)
  • Blackpool South (1.2 mi)
  • Layton (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Blackpool North (0.4 mi)
  • Blackpool South (1.2 mi)
  • Layton (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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